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Historic Office Building in Billings

820 Division Street, Billings, MT 59101

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For Sale

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Historic 1916 office building with modernized mechanical systems.

Type:Special Purpose

Property size:

5,688 SF

Price / SF:

$167/SF

HighLights

Historic 1916 Snidow Home: A rare opportunity to own a piece of Billings history and heritage.
Zoned for Professional Offices: Converted and rezoned, ready for immediate use as professional offices.
Opulent Period Finishes: Breathtaking original ornamentation, marble, and finely finished walnut throughout.
Modernized Mechanical Systems: Updated mechanical systems ensure modern functionality and reliability.
Multiple Offices and Meeting Spaces: Features 4 offices upstairs, a large main floor office, library/study, and 2 basement offices/meeting rooms.
Includes a heated carriage house and a rear parking lot for convenience.

We can help!

Contact an agent

Gregory Judson

For Sale

Contact for pricing

Historic 1916 office building with modernized mechanical systems.

Type:Special Purpose

Property size:

5,688 SF

Price / SF:

$167/SF

Added:: Feb 10, 2024
Days on Market:: 877
Last Refresh:: May 12 at 8:52 pm

Property Features for 820 Division Street

General Information

Standard status: Active
Size: 5,688 SF
Property subtype: Special Purpose

Building Details

Year Built: 1916

We can help!

Contact an agent

Gregory Judson

Listing office CENTURY 21 Hometown Brokers Billings

Listing date Feb 10, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Hometown Brokers Billings

HighLights

Historic 1916 Snidow Home: A rare opportunity to own a piece of Billings history and heritage.
Zoned for Professional Offices: Converted and rezoned, ready for immediate use as professional offices.
Opulent Period Finishes: Breathtaking original ornamentation, marble, and finely finished walnut throughout.
Modernized Mechanical Systems: Updated mechanical systems ensure modern functionality and reliability.
Multiple Offices and Meeting Spaces: Features 4 offices upstairs, a large main floor office, library/study, and 2 basement offices/meeting rooms.
Includes a heated carriage house and a rear parking lot for convenience.

Overview

This historic property, known as the Snidow Home, presents a rare opportunity to own a piece of Billings heritage. Originally built in 1916, the property has been converted and rezoned into professional offices while retaining its opulent period finishes and styles. The interior features finely finished walnut, marble, and original ornamentation throughout. Natural light fills the space from two sunrooms, accentuating the rich woodwork. The upper level includes four offices, a small family room, and two bathrooms. The main level, which is ADA accessible, features a large office and a library/study that could serve as another office. The basement contains two offices or meeting rooms, plus storage space. A heated carriage house is located adjacent to the rear parking lot. The property has a total size of 5688 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$99.0k	$17.40
− Vacancy	−$15.8k	−$2.78
EGI	$83.1k	$14.62
− OpEx	−$20.8k	−$3.65
NOI	$62.4k	$10.96

5,688 SF · lease $17.40/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$890.7K

$779.4K – $1.04M (±1% cap)

NOI $62,352 @ 7.0% cap · market cap 6.56%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.24M

$1.09M – $1.45M (±1% cap)

NOI $86,876 @ 7.0% cap · market cap 9.14%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Stiles Troy R ... Physician Big Sky Psychiatric ... Physician Community Park Park Assessments In Child Custody Law Firm Meadowbrook Counseling Family Counselor

Suggested Use

Location Insight

Map
Local Demand

City: Billings
County: Yellowstone
State: Montana
Longitude: -108.5156231
Latitude: 45.7788943

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For sale
Office buildings
MT
Billings
59101
820 Division Street

What type of property is this?

Office building - Historic 1916 office building with modernized mechanical systems.

Where is this office building located?

The property is located at 820 Division Street Billings, MT.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Historic 1916 Snidow Home: A rare opportunity to own a piece of Billings history and heritage.; Zoned for Professional Offices: Converted and rezoned, ready for immediate use as professional offices.; Opulent Period Finishes: Breathtaking original ornamentation, marble, and finely finished walnut throughout.